The labor force consists of alla. the people in the economy who are not retiredb. people in the economy over 16 years of agec. the adults in the economy between 18 and 65 years old who are able to workd. the noninstitutionalized population over 16 in the economy who hold jobs or arelooking for theme. the citizens in the economy who are graduates of high school

Which of the following people would be counted in the labor force?a. Chou, who lost his job and last looked for work three months agob. Stephanie, who holds a Ph.D. in history, but can only find part-time employment ata fast-food restaurantc. Jordan, who would like to work as a stockbroker but is now a househusbandd. Stefan, who thinks he could easily earn $100,000 per year, despite the opinion ofthe psychiatrist at the state hospital where he is a patiente. Monique, age 90, who is enjoying her retirement in Montana

With a total population of 1,000, in the country of Fictivia: 250 people are working, 150 areretired, 45 people are not working but they are actively looking for a job, 101 are children tooyoung to work, 20 people dropped out of the labor force because they won the lottery. Howmany people are considered unemployed?a. 20b. 45c. 150d. 250e. 295

People who are not currently employed, but say they want a job, are counted as unemployedonly if theya. have previously held a jobb. are actively seeking employmentc. are willing to accept a reasonable offerd. are between 16 and 65 years of agee. are willing to accept any offer of employment

A discouraged worker is one whoa. is under qualified for his current jobb. dislikes his current job but is afraid to quitc. drops out of the labor force because he cannot find a jobd. quits his job because the possibility of advancement was very lowe. is overqualified for his current job

yearb. one of every ten people in the labor force is currently unemployedc. the same 10 percent of the people in the labor force were out of work for the entireyeard. every person in the labor force was out of work for 10 percent of the yeare. 10 percent of the people in the economy were each out of work for 10 percent ofthe yearThe labor force participation rate for women in the United States hasa. stayed the same over the last 30 yearsb. increased significantly since the 1950sc. been influenced by decreasing real wages since 1960d. fluctuated substantially both upward and downward since the 1950se. increased only very slightly since the 1950s

The labor force participation rate is the number of peoplea. employed divided by the adult populationb. employed divided by the number of people in the labor forcec. in the labor force divided by the adult populationd. unemployed divided by the number of people in the labor forcee. in the labor force divided by the number of people employed

Different demographic groupsa. have identical durations of unemploymentb. have identical unemployment ratesc. are weighted equally in the official unemployment rated. have different unemployment ratese. are weighted more heavily in the official unemployment rate if they have largerunemployment rates

Juanita earned a B.S. in engineering and went to work for a defense contractor. When thegovernment cut spending, Juanita and 99 others were laid off. The only other business in thetown is growing grapes, but the growers refuse to hire laid-off engineers, knowing they willleave at the first opportunity. The unemployment Juanita is experiencing isa. Cyclicalb. Structuralc. Seasonald. Frictionale. Voluntary

Frictional unemployment refers to unemployment that results froma. a mismatch of skillsb. being in the wrong geographical locationc. taking the time to find the best jobd. seasonal decreases in demand for labore. a recession in the economy

Seasonal unemployment refers to unemployment that results froma. a mismatch of skillsb. being in the wrong geographical locationc. taking the time to find the best job

d. seasonal decreases in demand for labore. a recession in the economy13.

Structural unemployment refers to unemployment that results froma. inefficiencies in the market for labor that prolong the job searchb. being in the wrong geographical locationc. taking the time to find the best jobd. seasonal decreases in demand for labore. a recession in the economy

Cyclical unemployment results froma. a mismatch of skillsb. being in the wrong geographical locationc. taking the time to find the best jobd. seasonal decreases in demand for labore. a recession in the economy

Full employmenta. exists when everyone in the economy has a jobb. exists when everyone who wants a job has onec. exists when the unemployment rate is zerod. exists when everyone in the labor force has a jobe. will always include some unemployment

Which of the following is not consistent with full employment?a. an unemployment rate of 5 percent or 6 percentb. seasonal unemploymentc. structural unemploymentd. cyclical unemploymente. frictional unemployment

Because of the way discouraged workers and part-time employment are measured, theofficial unemployment ratea. overstates the unemployment problemb. understates the unemployment problemc. truly reflects the level of unemploymentd. overstates the size of the labor forcee. understates the size of the labor force

Preview: over xx years xx agec the xxxxxx in the xxxxxxx between xx xxx 65 xxxxx old who xxx able to xxxxx the xxxxxxxxxxxxxxxxxxxx xxxxxxxxxx over xx in the xxxxxxx who hold xxxx or xxx xxxxxxx for xxxxx the citizens xx the economy xxx are xxxxxxxxx xx high xxxxxxx Which of xxx following people xxxxx be xxxxxxx xx the xxxxx force?a Chou, xxx lost his xxx and xxxx xxxxxx for xxxx three months xxxx Stephanie, who xxxxx a xx x in xxxxxxxx but can xxxx find part-time xxxxxxxxxx at x xxxxxxxxx restaurantc xxxxxxx who would xxxx to work xx a xxxxxxxxxxx xxx is xxx a househusbandd xxxxxxx who thinks xx could xxxxxx xxxx $100,000 xxx year, despite xxx opinion of xxx psychiatrist xx xxx state xxxxxxxx where he xx a patiente xxxxxxxx age xxx xxx is xxxxxxxx her retirement xx Montana3 With x total xxxxxxxxxx xx 1,000, xx the country xx Fictivia: 250 xxxxxx are xxxxxxxx xxx are xxxxxxxx 45 people xxx not working xxx they xxx xxxxxxxx looking xxx a job, xxx are children xxx young xx xxxxx 20 xxxxxx dropped.....